The JSE, Africa’s largest stock market, has seen its weighting dropping around 3 percent in emerging market indices as South Africa almost tipped into a recession in 2023 amid power shortages and a logistics crisis that curtailed export growth. So far this year, foreign investors have sold a net R36 billion of South African equities, 25 percent up compared with a year ago.
Growth is forecast to almost double to more than one percent this…